The changes in leadership at the National Treasury are impacting negatively on some key decision-making.
The Treasury’s Deputy Director General, Ismail Momoniat, has revealed this in Parliament.
He was briefing the Standing Committee on Appropriations on debt relief and recapitalisation of SAA and the Post Office.
Momoniat was asked why the Treasury failed to act on time on SAA’s maturing debts to international banks, forcing Finance Minister Malusi Gigaba to announce a R3 billion bailout for SAA from the National Revenue Fund.
Momoniat says decisions are sometimes taken at the 11th hour because of power politics.
He says:” The fact that we have had four ministers and a changing Director General, there’s no doubt a lot of those issues affect us in why decisions were made so late.”
“Ideally we would have acted as soon as we knew these issues,” he adds.
